In the context of the World Economic Forum at Davos, Greek House Davos also organized its own conference. In a discussion with Hans-Paul Brueckner, Global Emeritus Chair of Boston Consulting Group and Irene Vantaraki, Chair of Greek House Davos,Jerry Kalogiratos, CEO of Capital Product Partners LP, analysed the strategic importance of Greek Shipping and the need for sustainable financing and global / supranational leadership in the transport sector.
Jerry Kalogiratos stressed that Greek shipping controls about one fourth of the global fleet, “a small country controlling the fates of international trade.” As a global transport sector, shipping carries more than 90% of goods globally, yet it is responsible for only 3% of global emissions. However, as Jerry Kalogiratos stressed, “although shipping is an environmentally effective way to transport goods, it has to reduce its environmental footprint.”
“Business must be offered market based measures that encourage green investment”
Regarding sustainable financing, Jerry Kalogiratos highlighted the fact that “the capital that will be required to achieve net zero by 2050 has been estimated to be around 9.2 trillion and this requires sustainable financing and leaders that are in a position to use it in an effective way.” In this context, he referred to a personal story in order to stress the importance of sustainable financing and the need for leadership at the global or supranational level. According to the CEO of Capital Product Partners LP, “businesses must be offered market-based measures that encourage green investment and the use of alternative fuels. To achieve this leadership at the global level is required. The EU has made important steps forward, and the same should do the IMO».
Referring to Greece’s position in the European energy market, Jerry Kalogiratos stressed that Greece is fortunate enough to in place the necessary infrastructure in Revithousa and Alexandroupolis to reduce dependence upon natural gas that is transported via pipelines. If we also take into consideration the upsurge in renewable energy in Greece, it seems that the country is in relatively better position than other European countries. “Greece has been transformed and has shown that it can be a responsible energy player in Europe with the potential to also become a major energy exporter to the rest of the continent.”
“Business must be offered market based measures that encourage green investment”
Regarding sustainable financing, Jerry Kalogiratos highlighted the fact that “the capital that will be required to achieve net zero by 2050 has been estimated to be around 9.2 trillion and this requires sustainable financing and leaders that are in a position to use it in an effective way.” In this context, he referred to a personal story in order to stress the importance of sustainable financing and the need for leadership at the global or supranational level. According to the CEO of Capital Product Partners LP, “businesses must be offered market-based measures that encourage green investment and the use of alternative fuels. To achieve this leadership at the global level is required. The EU has made important steps forward, and the same should do the IMO».
Referring to Greece’s position in the European energy market, Jerry Kalogiratos stressed that Greece is fortunate enough to in place the necessary infrastructure in Revithousa and Alexandroupolis to reduce dependence upon natural gas that is transported via pipelines. If we also take into consideration the upsurge in renewable energy in Greece, it seems that the country is in relatively better position than other European countries. “Greece has been transformed and has shown that it can be a responsible energy player in Europe with the potential to also become a major energy exporter to the rest of the continent.”
Regarding Greek shipping, Jerry Kalogiratos stressed that its role is particularly crucial because “during the energy crisis that erupted, the fact that Greece controls about one fourth of the global LNG fleet was particularly important, and also insisted the “the transport sectors should also be considered a strategic industry for the EU and need to be supported with the necessary infrastructure.”
Latest News
Intrum’s 2024 Report Unveils Greek Businesses Embrace Digitalization for Growth
Looking ahead, over 40% of businesses prioritize development for 2024, with 65% recognizing the potential of digital business models as sustainable investments
IOBE: Mild Drop in April Business Confidence Index (BCI) in Greece
The positive balance of expectations for employment witnessed a marginal decline, while the index for production forecasts also recorded a mild drop
Greek PM Mitsotakis Calls on EU to Intervene Over Multinationals’ Pricing Policy
Speaking about price fairness, the Prime Minister emphasized, "Europe should also mean similar or uniform prices for the products sold by our multinational corporations.
Greenhouse Gas Emissions: 4% Decrease in EU, 0.3% Rise in Greece in Q4 2023
The EU's GDP remained stable with a marginal 0.2% increase in fourth quarter of 2023
HEREMA CEO: High Expectations from Natgas Exploration Off Crete
3D seismic surveys were conducted in the two offshore blocks west and southwest of Crete by a consortium comprised of ExxonMobil and HelleniQ Energy
EC Spring Forecast: Greek GDP at 2.2 in 2024, 2.3% in 2025
Besides Greek GDP inflation is expected to drop by a substantial 2.4% in 2024, settling at 2.8% from 4.2% in 2023 with 2025 recording a further decline to 2.1%
EBRD Raises Outlook for Greek GDP to 2.3% in 2024, 2.6% in 2025
Key downside risks remain, associated with possible delays in deploying Recovery and Resilience Facility (RRF) funds and weaknesses in key export markets and tourism source countries
Real Estate Insights: Athens’ Top Areas with the Highest Yields
In the first quarter of 2024, Korydallos in the Piraeus region and the burgeoning Attiki Square retain their top spots with impressive yields of 6.3%
ELSTAT: Inflation at 3.1% in April
Olive oil (63.7%), fruit (11.6%), fish (10.6%), and mineral water (12.5%) registered the highest increases annually
Greek Sunlight CEO Joins Industry Titans at Choose France Summit
At the heart of the "Choose France Summit" was the discussion surrounding the production of lead-acid and lithium-ion batteries, crucial for the green transition and storage of renewable energy.